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jimkane
Rep: 3,058
Posts: 33,089
Okay, I guess jarek must still be skiing, so I'll start this week's topic.
Let's make it another monster week for quality posts.
JI
jimkane
Rep: 3,058
Posts: 33,089
Watch the small CL tick ABCD backtest of the TL here, to see if they have any more immediate upside juice left.
RA
rat89
Rep: 0
Posts: 7,015
Click image for original size

Click image for original size
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jimkane
Rep: 3,058
Posts: 33,089
If this can even push to 32.00-32.25, watch that closely. My mode is 'management' until proven otherwise, but this grind is not good, and if you look at rat's SPY chart, it needs to break away from that 'line creep'.

Okay, 32.25 hit. 32.50. Now we see.
JI
jimkane
Rep: 3,058
Posts: 33,089
Anyone notice gold just blasted up to over 1461 there? Wants to take a shot at that fresh new all-time high, I suspect.
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jimkane
Rep: 3,058
Posts: 33,089
Don't think I didn't notice this yesterday. Nice read, Eric.


Originally posted by jimkane

Anyone ready to buy in here???



Originally posted by EricD

i am ready to buy....
JI
jimkane
Rep: 3,058
Posts: 33,089
SLW didn't like the potential bearish flat ABCD, and rocked up, as I suspected. It then goes to a potential bearish 'W2' DB ABCD, and reacts. So, I watch here now. And so it goes. It does what it does, all I can do is manage/react. I can't control the market or any issue, but I can control what I do.
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jimkane
Rep: 3,058
Posts: 33,089
Get ready for the ES to potentially do its next pop up. We'll see. Do or die, this is it.

I'm a posting madman today. I'm not sure why. I just can't stop.
JI
jimkane
Rep: 3,058
Posts: 33,089
33.50-34.00 next level. Understand, I am ES long side bias intraday in here, so the point of mentioning levels here is not for me to short against, but for me to watch for use in management. It should always be clear from the 'context' of my posts the reason for pointing out a level. If it's not, think about it. And think 'timeframes'.

This is just an opinion of mine, but within the methodology are many, many various parts, many aspects. My skill at each one varies, compared to other areas. Like in chess, there is end game, opening game, and so on. Within the methodology, I have my areas of strength, I feel. One of my best is my abilities with timeframes. I can 'see' another timeframe from a given timeframe. Most can't do this, and don't even know to try, or know what I mean. I can look at a 15-min chart and 'see', without effort, the 60-min and 3-min (within the limits of the data). I 'see' all the timeframes at the same time, in overlaying fractals.

This is a necessary skill, I feel, for this methodology to operate at its best. Point is, there is a ton of things I feel I can do with timeframes. And timeframes are key to what I am doing. Higher timeframes always dictate/dominate, all other things being equal. That will give the reader a heads up on my thinking at any given time, and my use for levels. If it's not clear, you are missing something, so keep studying.
RA
rat89
Rep: 0
Posts: 7,015
interesting jim.....I have a bit of work to do I think....because my bias intraday is short as long as iwm and the q's don't get over their first hour low....the one thing that bothers me is that spy stopped 11 cents short of the last major high.....we came all this way for that? doesn't seem right somehow

.685 at the green line
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jimkane
Rep: 3,058
Posts: 33,089
ES done now???
JA
jarek
Rep: 94
Posts: 3,474
Thanks - I must have been sleeping indeed